4

company for its insurance daimi 4. During 2017, Rumbo Corporation had cash and credit sales of $21,760 and 515,225, respectively. The company also collected accounts receivable of $9,765 and incurred operating expenses of $27,700, 80 percent of which were paid during the year. In addition, Rumbo paid $4.500 for an 18-month advertising campaign that began on September 30 Rumbo's accrual basis net income (los) for 2017 was A $9,285 8. $8.535 C$14,075 D. $(775)